ZURICH was voted the most pedestrian-friendly city Sustainability: squeezing value from wasteĪround $220 million is being pumped into national research initiatives focusing on sustainability, in areas such as water technologies and projects that can squeeze value from waste.Īlmost one-third, or $80 million, will go to research projects that look at how resources can be recovered from Singapore’s key waste streams – plastics, electronic waste and food ( source).It will cater primarily to large-scale buyers, including multinational corporations and institutional investors, and will provide the market with price transparency ( source). The carbon exchange will be a digital platform for buyers and suppliers to trade large volumes of credits. The Republic is scaling up its efforts to develop an international carbon trading marketplace and a services ecosystem to support decarbonisation. Developing a services ecosystem to support decarbonisation.To achieve the new net-zero ambition, Singapore will raise the current carbon tax of S$5 per tonne to S$25 per tonne in 2024-2025, and S$45 per tonne in 2026-2027, with a view to reaching S$50 to S$80 per tonne by 2030 ( source).
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